Do I need a Texas registered agent?

Do I need a Federal Tax ID Number?

How much does a TX LLC cost each year?

Texas does not have annual reports with the Secretary of State. It does have a gross receipts TX franchise tax report due every year. Texas has no personal income tax, thus it taxes its businesses fairly heavy, on their gross receipts.

What are the Texas LLC taxes?

Texas has a gross receipt tax of 1% on gross income over $1,000,000. You can use the e-Z computation form to get .575% tax if your sales are under 10 million a year. Wholesalers and retailers are automatically at .5% tax.

You must still file the tax return for informational purposes every May 15th. In 2009, Texas passed legislation to move the threshold of gross receipts from 300,000 to 1 million.

Most Texas businesses will not have to pay anything in Texas taxes on the company level or personally. Texas has no personal income tax.

7.39%. The state has a 6.25% tax, but the average local tax is 1.14% making a total of 7.39%.

What other Texas LLC resources do you provide?

In addition to helping you learn how to form a Texas LLC, we can also help you with a variety of other filings. Please feel free to use the information below. And remember, we provide all the state forms and filing instructions you may need in your online account when you sign up.